https://www.theguardian.com/bu...
With this company backed by government contracts going bust. Is it a sign of the current market for construction and in general, Or is it just another poorly managed company that cant balance the books?
I'm not scaremongering, it just surprised me that a company with some seriously good government contracts and contracts with Google and Apple has gone out of business. I guess the writing was on the wall with the Chief exec and finance director leaving earlier in the year.
With wars and and discouraging data coming from the government, hopefully this is just another poorly ran business and not the start of further job losses and companies going bust.
Hi
I think the saying 'a little knowledge is dangerous' applies. Several years ago, I was burned by the collapse of Carillion (LON:CLLN) which superficially should have been OK as a major construction contractor to the UK public sector. I was wrong (and now I am more careful). It seems that there are parallels to ISG - here are some early thoughts from the sector Parallels with Carillion crisis - and I am sure that more reports will appear in the coming weeks/months.
To see how things can be done, BnB provided an excellent account (last Saturday) of how he only invests in sectors he understands and in companies with management/products he admires/respects - The BnB Fund
This seems like a good starting point to avoid poorly run businesses - even if it does not really help with the impacts of wars.
All the best
